by Craig | Oct 6, 2024 | Assets, ATO, myGov, Tax Time
Avoid a tax time shock Individual taxpayers can take the following steps right now to ensure the correct amount of tax is being put aside throughout the year: let their employer know if they have a study or training support loan, such as a HECS or HELP debt;check they...
by Craig | Sep 6, 2022 | ATO, COVID-19, SMSF, Superannuation
More COVID-19 business grants are now tax-free The Federal Government has expanded the list of State and Territory COVID-19 grant programsthat may be tax-free to eligible businesses.A State or Territory Government COVID-19 grant payment will generally be tax-free if:...
by Craig | Feb 10, 2020 | ATO, Practice Update
Lifestyle assets continue to be an ATO audit target The ATO has revealed it will request a further five years’ worth of policy information from over 30 insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, highvalue motor...
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